On October 8, Allworth Financial announced its acquisition of George McKelvey Company.
Allworth Financial (“Allworth”) announced, on October 8, 2024, that it had acquired George McKelvey Company (“GMC”). The firm’s team of nine advisors and eight support staff will join Allworth. Further terms of the deal were not disclosed.
Allworth, based in Folsom, California, is a full-service registered investment advisor specializing in investment management, tax planning and preparation, estate planning and 401(k) management. As of October 2024, Allworth had approximately $22 billion in assets under advisement.
GMC, based in Manasquan, New Jersey, is a financial advisory firm providing long-term investment advisory and portfolio management. As of October 2024, GMC had $1.1 billion in client assets. Park Sutton Advisors acted as the exclusive financial advisor to GMC on the transaction.
To read the press release: please click here.